Funding arb · Price arb /

AMD

RWAall AMD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0678%/8h= −74.2% APRpaid last 24h −0.026%

Price spread now: Phemex against SoDEX+0.088%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.088% dearer against SoDEX than usual: you sell high and buy low (spread +0.088% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AMD-USD	624.98	0.0678	pay 0.0085% / 1h	47m 56s	$26K	$24K	10x
Short	Phemex AMDUSDT	625.53	0	get 0.0000% / 8h	7h 47m	$1.8M	$460K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SoDEX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SoDEXbpFee PhemexbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$142.3
Price spread: +0.088% → 0.000%: $8.8
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$153.5
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Phemex: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	20.02 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

AMD on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX AMDUSDC	−0.0505%	4h	623.27	−0.273%	$82K	$1.6M	10x	as long as short
SunX AMD-USDT	0.0000%	8h	625.55	+0.091%	$2K	$8.8M	10x	as long as short
Phemex AMDUSDTshort	0.0000%	8h	625.53	+0.088%	$1.8M	$460K	10x
Lighter RH AMD	+0.0032%	1h	624.90	−0.013%	$856K	$4.3M	10x	as long as short
Injective AMD/USDC PERP	+0.0033%	1h	611.72	−2.122%	$5K	$55K	12x	as long as short
Vest AMD-USD-PERP	+0.0046%	1h	625.93	+0.152%	—	$925K	25x	as long as short
Ondo Perps AMD-USD.P	+0.0050%	1h	623.49	−0.238%	$1.5M	$4.6M	10x	as long as short
QFEX AMD-USD	+0.0080%	1h	624.86	−0.019%	$2.3M	$13.4M	10x	as long as short
KuCoin AMDUSDTM	+0.0100%	8h	624.24	−0.118%	$1.9M	$313K	20x	as long as short
Orderly PERP_AMD_USDC_mythos	+0.0100%	8h	625.29	+0.050%	$374	$6K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AMD-PERP-INTX	+0.0112%	1h	622.59	−0.382%	$312K	$1.8M	10x	as long as short
Lighter AMD	+0.0184%	1h	625.04	+0.010%	$537K	$2.3M	10x	as long as short
OKX AMD-USDT-SWAP	+0.0213%	8h	625.38	+0.064%	$6.9M	$28.5M	25x	as long as short
Phoenix AMD	+0.0219%	1h	623.04	−0.310%	$2K	$92K	10x	as long as short
Aevo AMD-PERP	+0.0232%	1h	625.14	+0.025%	$11K	—	10x	as long as short
Aster AMDUSDT	+0.0252%	8h	623.86	−0.179%	$72K	$416K	50x	as long as short
Nado AMD-PERP	+0.0409%	1h	624.41	−0.091%	$320K	$167K	10x	as long as short
Variational Omni AMD	+0.0536%	8h	623.02	−0.314%	$2.6M	$3.2M	—	as long as short
Gate AMD_USDT	+0.0546%	8h	625.56	+0.093%	$4.5M	$13.3M	50x	as long as short
BloFin AMD-USDT	+0.0586%	8h	624.57	−0.066%	$6K	$549K	20x	as long as short
Extended AMD_24_5-USD	+0.0592%	1h	625.50	+0.083%	$466K	$1.7M	10x	as long as short
Binance AMDUSDT	+0.0595%	8h	625.54	+0.089%	$76.2M	$191.7M	25x	as long as short
HTX AMD-USDT	+0.0610%	8h	625.03	+0.008%	$132K	$579K	20x	as long as short
tradeXYZ xyz:AMD	+0.0643%	1h	624.98	0.000%	$25.1M	$93.2M	10x	as long as short
Bitget AMDUSDT	+0.0659%	8h	625.50	+0.083%	$10.2M	$17.6M	20x	as long as short
Polymarket Perps AMD-USD	+0.0677%	1h	624.76	−0.035%	$398K	$1.5M	10x	as long as short
SoDEX AMD-USDlong	+0.0678%	1h	624.98	long leg	$26K	$24K	10x
Deribit AMD_USDC-PERPETUAL	+0.0695%	1h	625.17	+0.030%	$78K	$151K	10x	as long as short
Arcus AMD-USD	+0.0782%	1h	623.56	−0.227%	$145K	$265K	10x	as long as short
ApeX Omni AMDUSDT	+0.0834%	1h	622.86	−0.339%	$80K	$259K	50x	as long as short
GRVT AMD_USDT_Perp	+0.1467%	8h	623.14	−0.295%	$18K	$131K	10x	as long as short